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Climate change. Morocco seeks support from US billionaire Michael Bloomberg

The head of the Moroccan government Aziz Akhannouch met, on Wednesday in New York, the American billionaire Michael Bloomberg, also special envoy of the UN for climate change.

Moroccan Chief Executive Aziz Akhannouch met with American billionaire businessman Michael Bloomberg on the sidelines of the ongoing 77th United Nations General Assembly. The two men discussed Morocco’s energy transition and the actions taken to mitigate the effects of global warming. In this sense, Akhannouch presented to the American tycoon the enormous investment opportunities in terms of green energy projects which abound in the Kingdom. Attended this meeting, Mohcine Jazouli, Minister Delegate for Investment and Ali Seddiki, Director of the Moroccan Agency for the Development of Investment and Exports (AMDIE).

Read also | The Aluminum group of Morocco is switching to green energy

Morocco is one of 15 developing countries to benefit from support from Bloomberg Philanthropies to accelerate their clean energy. This decision comes ahead of COP27 scheduled to take place in Egypt from November 6-18.

During this event, developing countries should call on developed and industrialized countries to provide more financial aid to enable them to deal with the damage caused by climate change.

Read also | Climate change: Africa needs more finance, faster

In a speech before the United Nations General Assembly on Tuesday, United Nations Secretary-General António Guterres called on countries to tax the windfall profits of fossil fuel companies and use the revenues for losses and damages that occur. are happening, harming people and their economies, and therefore must be addressed now. “This is a fundamental issue of climate justice, international solidarity and trust,” the UN chief stressed.




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